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JSW Energy Ltd. Company History and Annual Growth Details

The Company was originally incorporated as Jindal Tractebel Power Company Limited on March 10, 1994 as a joint venture between JSW Steel Limited and Tractebel, S.A., Belgium. The name of the Company was changed to Jindal Thermal Power Company Limited on January 17, 2002 after Tractebel, S.A., Belgium sold their holding to JSW group companies and financial institutions. The name of the Company was further changed to JSW Energy Limited on December 7, 2005 and a fresh certificate of incorporation upon change of name was issued by the Registrar of Companies, Maharashtra on December 7, 2005.

The aforesaid changes were made in the name to reflect the changing nature of the business or the constitution of the company and/or to clearly reflect the nature of the business.

Key Milestones

1. March 10, 1994

The Company was originally incorporated as Jindal Tractebel Power Company Limited (50:50 JV between JSW Steel Limited and Tractebel, S.A., Belgium)

2. January 18, 2000

Commercial operation of Unit-II of 2x130 MW Power Plant of the Company at Toranagullu

3. August 05, 2000

Commercial operation of Unit-I of 2x130 MW Power Plant of the Company at Toranagullu

4. January 17, 2002

Name changed to Jindal Thermal Power Company Limited, after Tractebel, S.A., Belgium sold their holding to JSW group companies and financial institutions

5. February 10, 2006

Acquisition of Raj WestPower Limited under the Share Purchase Agreement entered between the Company and the erstwhile individual Shareholders/ Promoters of RWPL.

6. May 5, 2006

Incorporation of JSW Energy (Vijayanagar) Limited as a Subsidiary.

7. June 13, 2006

Incorporation of JSW Energy (Ratnagiri) Limited as a Subsidiary.

8. July 8, 2006

Incorporation of JSW Power Trading Company Limited as a Subsidiary.

9. January 19, 2007

Formation of the Joint Venture Company, Barmer Lignite Mining Company Limited by virtue of Joint Venture Agreement between Raj WestPower Limited and Rajasthan State Mines and Minerals Limited

10. March 28, 2007

Acquisition of PT Param Utama Jaya

11. July 28, 2007

Award of 260MW Kuther Hydro Electric Project

12. November 1, 2007

Approval of the scheme of arrangement for the demerger of the investment division of the Company and vesting of the same with JSW Energy Investments Private Limited

13. November 11, 2007

Joint Venture Agreement with Mahanadi Coalfields Limited, JSW Steel Limited, Jindal Stainless Limited & Shyam DRI Power Limited for mining of coal from Utkal - A coal block in Orissa

14. January 10, 2008

Letter of Support by Government of Maharashtra for setting up of 3200MW Power Plant at Jaigad, Ratnagiri

15. March 17, 2008

Recognisation of JSW Energy Centre of Excellence at Toranagallu by Central Electricity

Sr. No. Date Details

Authority

16. April 23, 2008

Incorporation of Jaigad PowerTransco Limited as Subsidiary

17. May 7, 2008

Joint Venture Agreement with Toshiba Corporation, Japan for setting up of Turbine & Generator manufacturing facility in India

18. August 5, 2008

Joint Venture Agreement with Maharashtra State Electricity Transmission Company Limited for setting up of Transmission Lines in the State of Maharashtra

19. October 10, 2008

Approval of the scheme of Amalgamation of JSW PowerTransco Limited and JSW Energy (Vijayanagar) Limited with the Company

20. April 16, 2009

Unit - I of 2X300MW Power Plant of the Company at Toranagallu commissioned

21. June 23, 2009

MOU between M.S. Ramaiah Institute of Technology, Bangalore and JSW Energy Centre of Excellence for imparting one-year full-time Post Graduate Diploma in Power Plant Engineering for the academic year 2009-2010.

22. July 1, 2009

Commercial operation of Unit - I of 2X300MW Power Plant of the Company at Toranagullu

23. August 17, 2009

Synchronisation of first unit of 8x135 MW Power Plant of RWPL

24. August 31, 2009

Incorporation of JSW Energy (Raigarh) Limited as Subsidiary

25. September 1, 2009

Commercial opertaion of Unit - II of 2X300MW Power Plant of the Company at ranagullu

Awards/ certifications received by the Company

The Company has received the following awards/ certifications:

1. ISO-9001 and 14001 certifications awarded by BVQI for Quality Management, Environment Management Systems.

2. OHSAS 18001 certification awarded by BVQI for Occupational Health and Safety Management Systems Requirements Standard.

3. CII Leadership And Excellence Award for Safety, Health and Environment for best safety practices in 2003

4. Greentech Safety Award in 2003 for outstanding achievement in the field of safety.

5. Safety Excellence Award from GRISD for 2005 and 2006 for best safety systems and performance.

6. Karnataka State Safety Excellence Award in 2007 for best safety systems from Directorate of Factories and Boilers, Karnataka.

7. Best Performing and Safe Boiler in Power Plant by Directorate of Factories and Boilers, Govt of Karnataka and GRISD in the year 2007.

8. Bronze Shields for Meritorious Performance in Power Sector during 2006-07 and 2007-08 by Ministry of Power, Government of India to the 260 MW Thermal Power Station at Toranagallu, Karnataka.

9. First prize in National level for "Excellence in Thermal Power Generation" constituted by Indian Electrical and Electronic Manufacturer Association (IEEMA) in the year 2009.

2010

- JSW Energy - Commencement of Generation of Power of Unit II.

- JSW ENERGY - MoU with Osho and IOM.

- JSW Energy Ltd has informed BSE regarding a Press Release dated November 23, 2010 titled "JSW Energy enters into a binding agreement with CIC Energy".

- JSW Energy unit buys SA Coal.

- JSW Energy Ltd has informed BSE regarding an announcement titled "Acquisition of majority Shareholding in South African Coal Mining Holding Limited".

2011

- Board has recommended payment of dividend of Re. 1.00 per Equity Share of Rs. 10 each.

- JSW Energy - JSW Energy's JV with MahaTransco commissions 40.

- JSW Energy - JSW Energy achieves full commercial operations.

- JSW Energy - Commencement of Generation of Power of Unit III.

2012

- Board has recommended payment of dividend of Re. 0.50 per Equity Share of Rs. 10/- each.

- The Board has appointed Mr. Sanjay Sagar as Whole-time Director designated as "Joint Managing Director & Chief Executive Officer" of the Company.

2013

-JSW Energy Ltd, total operational capacity went up to 3,140 MW because of the commencement of the four Barmer units (total 540 MW)

-The Board has also appointed Mr. Pramod Menon as Whole-time Director designated as Director - Finance of the Company with effect from May 03, 2013 for a period of five years, subject to the approval of shareholders.

-JSW "Commenced a Generation of Power of Unit VII of 135MW at Barmer, Rajasthan".

2014

-JSW Energy acquires Himachal Baspa Power Company worth Rs 9,700cr.

-JSW Energy inks MoU with Jaiprakash Power Ventures for the acquisition of three operational plants of JPVL.

2015
-JSW Energy Ltd signed a Non-binding Memorandum of Understanding (MOU) with Monnet Ispat and Energy Limited
-JSW Energy Ltd has concluded the acquisition of 100% of the securities of Himachal Baspa Power Company Ltd.
-JSW Energy gains nearly 4% on acquisition reports

2016
-"JSW Energy signs MoU to set up a thermal power plant and related activities in the Kingdom of Swaziland".

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